The experienced team of Ctrlspend will guide you to develop category strategies that will help you align your procurement goals with your business objectives, identify opportunities for savings and value creation and measures to mitigate risks and challenges.

• After an initial due diligence on your spend profile, CtrlSpend team will recommend what commodities/material are relevant to create a category strategy vs which ones are more suited to have a sourcing strategy
• One of the most important steps to create a category strategy is buy in from the respective business/category stakeholders. While in many large organizations, we have observed focussed efforts on engaging with business stakeholders, some procurement teams attempt to create category strategies in silos resulting in ineffectiveness and wasted effort. CtrlSpend team will help your procurement teams in getting the business stakeholders involved in this exercise
• CtrlSpend team will then leverage your existing portfolio of tools to develop a strong foundation of category strategy through detailed spend analysis and market assessment of category evolution as well as suppliers capability dynamics as a preparation to the workshops with business stakeholders
• With foundational inputs in place, detailed SWOT of each of the sub-categories/commodity codes is created for each of the large suppliers addressing the current spend at a commodity/sub-commodity level
• CtrlSpend team will bring their years of experience and deep understanding of the market to guide on key decisions such as – spend consolidation vs diversification, supplier strategy – global vs regional vs local, buying channel approach, disintermediating value chains, opportunities for contract consolidation (volume/time-based) within the same/different suppliers etc.
• CtrlSpend team will finally assist in alignment with the procurement and respective finance and business teams on savings pipeline and roadmap to land the savings